I was actually long momentarily this morning, but now I’m not. I have trust issues in this market. Who can blame me. I came in 100% cash, as I didn’t trade at all on Friday, and early on this morning, I added AMZN and V. The former I closed out [...]
Here are my current watch-lists for both bullish and bearish trade setups. Obviously, green equals “Bullish”, and red equals “Bearish”. […]
Today the market is pushing lower. There’s a chance here we see a retest of the 2900 level here, which today would respresent key support from the rising trend-line that was created off of the June lows. It also represents the 20-day moving average as well. But in the very [...]
The bulls are dropping the ball today, following a solidly bullish week, where SPX traded higher each day. The problems lie with big tech today, which are absolutely getting slaughtered – even Amazon (AMZN) had a moment, where it came within a few bucks of its 50-day moving average. Then [...]
The Bulls are running today, but as has been the case of late, it is rotating sectors each day. Basically whatever sectors are leading the market one day, is what will be lagging the market the following day. Technology is struggling today, after leading the market on Friday. Despite the [...]
They call this the “Week from Hell” – to me it is just another week of trading. Sure you have the FOMC, ECB and BOJ making announcements this week, plus continued tariff threats with China, and a Kim Summit. But who cares. I am following the charts and they will [...]
The bulls are trying to make it a rare 2-day rally. Or at least such an event has been non existent for the past three weeks, so any kind of consistency, even if it lasts only a few days, is welcomed. […]
I saw the futures on Monday, thought “hey, the week is off to a good start”. Woke up on Tuesday, preparing for the week, looked at pre-market futs and saw SPX down -22 points. […]
The bulls aren’t giving up much ground today, and it appears like today’s price action is more of a pause in the current rally than anything to be concerned with, as it pertains to market reversals. Below you will find my weekly list of swing trades that I am watching. [...]
Trade fears have tapered some, and the US response to the Syria chemical attack has take place, and the market is trading higher today. Honestly, if you had to pick a time for a missile strike, Friday night would have been the most preferable time for the stock market. You [...]
Stock Market has yet to see anyone even remotely try and buy the dip There isn’t insane volume sweeping the market today, like what we saw back in February, but the extent of this sell-off is quite extreme, especially for one day. There is plenty of news headlines hitting the [...]
Just another buy-the-dip kind of day in the stock market. Typical Monday with price action sitting just a smidgen above break-even. […]
